Crypto.com partners with Plaid for instant asset transfers
Main Idea
Crypto.com has integrated with Plaid to enable users to transfer investments seamlessly from other brokerages, offering a 3% stock transfer bonus for U.S. users.
Key Points
1. Crypto.com partnered with Plaid to automate brokerage transfers using Plaid’s Investments Move product, which simplifies the Automated Account Clearing and Transfer Service (ACATS) process.
2. The integration aims to reduce manual ACATs processes, allowing teams to focus on growth rather than handling transfer-related issues.
3. Crypto.com users in the U.S. can now transfer securities from other brokerages and receive a 3% stock transfer bonus.
4. Plaid’s Investments Move product, launched in October 2024, helps streamline data collection and reduce failed transfers.
5. The collaboration is part of Crypto.com’s effort to enhance customer experience with innovative financial tools.
Description
Crypto.com has integrated with Plaid to enable users to transfer investments from other platforms without selling assets and incurring taxes, as per the reports shared with Finbold on August 5. Getting your 3% stocks transfer bonus has never been easier! You can now use @Plaid to seamlessly transfer securities from other brokerages into the https://t.co/vCNztATkNg App Trade 9000+ stocks and ETFs with the Stocks feature. Get started now: https://t.co/isnbRrLNbl … pic.twitter.com/hzz3THriB1 — Cry...
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